Xpeng

Consumers who previously bought Xpeng models were eligible for purchase subsidies ranging from RMB 10,080 ($1,460) to RMB 13,860.

Xpeng G9 delivered 4,020 units in December, up 160 percent from November, the first time it exceeded 4,000 units.

The company, which has a registered capital of 5 billion yuan ($718 million), has a range of operations including battery manufacturing, battery sales, battery parts production, motor manufacturing and R&D.

While contracting Covid is not something to brag about, the CEOs of Xpeng and Li Auto are clearly more excited to see no more Covid disruptions after a short period of suffering.

They will be a facelift of the hot-selling sedan P7, an SUV with the internal code name F30 and an MPV with the internal code name H93, local media said.

Xpeng, with products costing from 150,000 yuan to 470,000 yuan, essentially competing with every other EV brand in the Chinese market, analysts say.

There are no major concerns about Xpeng regarding liquidity in the near term and there is still time to win back market share, according to Edison Yu's team.

A spy video shows that Xpeng may be testing an MPV codenamed H93, which is expected to be released in the second half of 2023.

Xpeng expects deliveries to increase significantly in December as production of the G9 ramps up under normal operating conditions.

Xpeng management expects November deliveries to be no less than 5,800 units, hinting that December deliveries are expected to rebound to around 10,000 units.